Next Regulatory News (NXT)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

 Next plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

FMR LLC

4. Full name of shareholder(s) (if different from 3.):

See attached section (9)

5. Date of the transaction and date on which the threshold is crossed or reached:

9th May 2014

6. Date on which issuer notified:

12th May 2014

7. Threshold(s) that is/are crossed or reached:

14%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Indirect

Direct

Indirect

Direct

Indirect

GB0032089863

21,737,285

21,737,285

21,675,785

21,675,785

13.98%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

21,675,785

13.98%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Custodian Day to Day IM Total

BROWN BROTHERS HARRIMAN FMR UK-FIDELITY MANAGEMENT & RESEARCH (U.K.) INC. 8,200

HARRIMAN AND CO FMRC-FIDELITY MANAGEMENT & RESEARCH COMPANY INC. 16,708,141

JPMORGAN CHASE BANK FMR UK-FIDELITY MANAGEMENT & RESEARCH (U.K.) INC. 304,100

FMRC-FIDELITY MANAGEMENT & RESEARCH COMPANY INC. 2,652,400

NORTHERN TRUST CO (C) FMR UK-FIDELITY MANAGEMENT & RESEARCH (U.K.) INC. 781,744

FMRC-FIDELITY MANAGEMENT & RESEARCH COMPANY INC. 42,100

STATE STREET BANK AND TR CO FMR UK-FIDELITY MANAGEMENT & RESEARCH (U.K.) INC. 95,000

FMRC-FIDELITY MANAGEMENT & RESEARCH COMPANY INC. 1,084,100

Grand Total: 21,675,785

Proxy Voting:

10. Name of the proxy holder:

 FMR LLC

11. Number of voting rights proxy holder will acquire:

61,500

12. Date on which proxy holder will acquire voting rights:

9th May 2014

13. Additional information:

None

14. Contact name:

Shelley Muller

15. Contact telephone number:

fil-regreporting@fil.com

01737 834624